All Forum Posts by: Devin James

Thank you @Jay Hinrichs!

We're open to exiting at any point. We have the capacity to go vertical, but we're open to selling permitted lots, developed lots, or finished homes. Or some sort of JV.

We're speaking with Builders now who want to handle the horizontal development themselves. 

Another PUD approval!!!

Yesterday, we presented our 153 Single Family Planned Unit Development (PUD) to the City Commission and secured a favorable 4/5 vote for approval!

This project spans over 49+/- acres and features 50ft, 60ft, & 70ft lots, adjacent to a large lake that will serve as a stunning community amenity.

With engineering set to complete in Q1 2025, we anticipate breaking ground on the lot development shortly thereafter, aiming to start providing homes by Q1 2026.

Quote from @Shawn Bhatti:

Couldn't agree more!

Especially in todays' day and age with all the chaos going on in the world.

It's important to have a vivid vision and use that keep yourself going when the going gets tough!

 Definitely @Shawn Bhatti!!

Quote from @Liam Naughton:

Reality is just a mirror of our internal state of being.

The more we invest in ourselves, the more we invest in our lives. :)

 Yes @Liam Naughton, so good!

As a Man Thinketh is one of my favorite books. **Must Read**

"The human mind may be likened to a garden, which may be intelligently cultivated or allowed to run wild; but whether cultivated or neglected, it must, and will, bring forth. If no useful seeds are put into it, then an abundance of useless weed seeds will fall therein, and will continue to produce their kind.”

James Allen, As a Man Thinketh

The human brain is much more powerful than many realize. What you consume, mentally and physically, you will become.

Your quality of life can be a direct reflection of your thoughts.

Quote from @Todd Anderson:

They look like great homes and they are in an excellent market.  Good luck!

 Thank you @Todd Anderson!! We expect to deliver our first batch of homes in this market in the coming months.

Quote from @Dustin Tucker:

Hello Devin,

How many of these properties are under contract? Will you be turning any of them into rental properties?

 Hey @Dustin Tucker, we are waiting to list these homes until they are further along. In Palm Bay, FL, we have 5 under contract. 

We plan to sell these, but we have a few developments going on that we are planning for BTR.

Boots on the ground today!!!

We currently have 21 homes under construction in North Port, FL, and Port Charlotte, FL.

We are providing families with their future homes, where countless memories will be created in each one we build.

Think about your favorite childhood memories and the home where they took place. Now, consider all the people who worked together to build that home.

This is one of the many reasons why I love real estate—we're making a difference.

Every month, we like to analyze all of our markets across Central Florida. We focus on two main data points:

1) The pending to listed ratio for newly built homes sized between 1,400-2,400sqft.
2) The pending to listed ratio for newly built homes listed between $250K-$475K.

These two data points help us understand the demand for new construction homes in terms of size and price.

Here's some data from Marion Oaks (Ocala, FL) that we pulled today....
- There's an average of 1.5 months of inventory for homes between 1,400-2,000 sqft. This average jumps to 3.5 months for homes between 2,000-2,400 sqft.
- There's an average of 1.7 months of inventory for homes priced between $275K-$325K. This average goes up to 2.5 months for homes priced between $325K-$375K.

Find the sweet spot in your market(s) and get to work!!!

"Traction" by Gino Wickman has been a game-changer for our company and my personal life. The book introduces the Entrepreneurial Operating System (EOS), a framework designed to help businesses clarify, simplify, and achieve their vision.

We use it for vision alignment, goal setting, & accountability.

My wife and I also use it in our personal lives to ensure that we are aligned with our values and goals and are taking the right steps to reach them.

What book has changed the trajectory of your business and/or life?